MIRA
INFORM REPORT
|
Report Date : |
05.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
Texil S.r.l. |
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|
|
|
Registered Office : |
Via Della Ricerca Scientifica, 15/3 41012 - |
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Country : |
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|
Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
25/07/1989 |
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|
Legal Form : |
Limited Liability Company |
|
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|
|
Line of Business : |
Production of knitwear. Production of knitwear for men, women and children. Manufacturing of garments. Manufacturing and wholesale trade of ladies' and children's wear,
sportswear and of knitwear articles. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
59.400 - Eur |
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|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
Texil S.r.l.
Via
Della Ricerca Scientifica, 15/3
41012 -
SUMMARY
|
Legal Form |
: |
Limited liability company |
|
Start of Activities |
: |
25/07/1989 |
|
Patrimonial Consistence |
: |
1.000.000 Eur |
|
|
: |
1.000.000/1.250.000 Eur |
|
Number of Employees |
: |
from 6 to 10 |
CREDIT ANALYSIS
|
CREDIT OPINION |
: |
59.400 - Eur |
ACTIVITY
Production of knitwear.
Production of knitwear for men, women and children.
Manufacturing of garments.
Manufacturing and wholesale trade of ladies' and children's wear,
sportswear and of knitwear articles.
LEGAL DATA
Legal Form : Limited liability company
|
Fiscal Code : 01920860366 |
|
Foreign Trade Reg. no. : MO026664 since 24/10/1996 |
|
Chamber of Commerce no. : 252493 of |
|
Firms' Register : MO023-31324 since 19/02/1996 |
|
Court : 31324 of |
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Foundation Date |
: 25/07/1989 |
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|
Establishment Date |
: 25/07/1989 |
|
|
Start of Activities |
: 25/07/1989 |
|
|
Legal Duration Date |
: 31/12/2030 |
|
|
Nominal Capital |
: 10.330 |
Eur |
|
Subscribed Capital |
: 10.330 |
Eur |
|
Paid up Capital |
: 10.330 |
Eur |
MEMBERS
|
Desfoux |
Pascal |
|
Born in |
on 17/01/1950 |
- Fiscal Code : DSFPCL50A17Z110Y |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/03/2007 |
|
|
|
Board Chairman |
20/03/2007 |
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|
No Protests registered.
|
Leporati |
Elena |
|
Born in |
(MO) |
on 03/03/1947 |
- Fiscal Code : LPRLNE47C43B819G |
|
Residence : |
Via |
S. Ildefonso |
, 4 |
- 41012 |
|
(MO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
20/03/2007 |
|
|
No Protests registered.
COMPANIES CONNECTED
TO MEMBERS *
*checkings have been performed on a national scale.
*In this module are listed the companies in which members hold or held
positions.
|
DESFOUX |
|
The indication "REGISTERED" as Firm Status could refere to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
CAPITAL SHAREHOLDERS
|
Style / Name |
Seat / Address |
Fiscal Code |
Owned Shares |
% of Ownership |
|
Desfoux Pascal |
|
DSFPCL50A17Z110Y |
4.906 .Eur |
47,50 |
|
Leporati Elena |
|
LPRLNE47C43B819G |
4.906 .Eur |
47,50 |
|
Leoporati Gabriella |
|
LPRGRL44C56B819C |
516 .Eur |
5,00 |
DIRECT PARTICIPATIONS
The Company under review has no participations in other Companies.
STRUCTURE AND COMPANY
ACTIVITY
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 18/12/1991 |
in : |
|
|
|
|
|
Via |
Della Ricerca Scientifica |
, 15/3 |
- 41012 - |
|
(MO) |
- IT - |
|
|
|
|
PHONE |
: 059/681099 |
|
- |
Branch |
(Workshop ) |
since 01/09/1999 |
in : |
|
|
|
|
|
Via |
Lombardia |
, 19/D |
- 41012 - |
|
(MO) |
- IT - |
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|
|
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Employees |
: 4 |
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|
|
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Assistants |
: 2 |
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|
|
|
Fittings and Equipment |
for a value of
229.823 |
Eur |
|
|
|
|
Stocks |
for a value of
268.500 |
Eur |
HISTORICAL INFORMATION
AND/OR FIRM'S
STATUS
|
Company Style
modifications |
|
Former Style |
New Style |
Changement Date |
|
Trendy S.r.l. |
|
18/12/1991 |
|
Ex-Members /
Ex-Positions |
|
Desfoux Pascal |
|
|
Born in Parigi |
on 17/01/1950 |
|
Fiscal residence : |
Via |
S. Ildefonso |
, 4 |
- 41012 |
|
(MO) |
- IT - |
|
Position |
|
Sole Director |
|
Desfoux |
Pascal |
|
Born in |
on 17/01/1950 |
- Fiscal Code : DSFPCL50A17Z110Y |
|
Position |
|
Sole Director |
|
Former seats |
|
- |
Branch |
(Store ) |
since 23/06/1995 |
until 16/04/1996 |
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|
|
|
|
Via |
Della Ricerca Scientifica |
- 41012 |
- |
(MO) |
- IT - |
|
- |
Branch |
(Workshop ) |
since 01/12/1997 |
until 01/09/1999 |
|
|
|
|
|
Via |
Archimede |
- 41019 |
- Soliera |
(MO) |
- IT - |
PAYMENTS ANALYSIS
The average term of debts to suppliers is normal compared with that of
the sector.
PAYMENTS SCORE : - No insolvency
CREDIT REVOLVING
During last Year, the subject of inquiry has not been monitored by our
company.
PROTESTS
Protests checking on the subject firm has given a negative result.
LEGAL PROCEDURES
None reported, standing to the last received edition of the Official Publications.
BANKERS
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
UNICREDIT BANCA D'IMPRESA |
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IMMOVABLES *
*No specific (mortgage/cadastrial registrations) inspections have been
requested.
None reported in the name of the Firm.
FINANCIAL AND
ECONOMICAL ANALYSIS
Subject is active since 1989
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 1,08% in 2005
The operating result in 2005 was positive (2,4%) and reflects the
field's average.
From a financial aspect the company's status covers total short-term
debts; the indebtedness volume in 2005 is in fact 0,23 but slighlty increasing.
Payments average periods time are slightly high (140 gg.) but lined up
with the sector's average.
It shows a good range of liquidity.
FINANCIAL DATA
|
Complete balance-sheet for the year as at |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.156.431 |
filed balance sheet |
|
Profit (Loss) for the period |
10.088 |
filed balance sheet |
|
Complete balance-sheet for the year as at |
31/12/2004 |
(in Eur |
x 1 ) |
|
Item Type |
Amount |
Source |
|
Sales |
1.398.542 |
filed balance sheet |
|
Profit (Loss) for the period |
4.655 |
filed balance sheet |
BALANCE SHEETS
From our constant monitoring of the Public Administration, actually, no
more recent balance sheets result to be filed.
|
Balance Sheet as
at 31/12/2005 - Months 12 - Currency Eur - Amounts x 1 |
|
Balance Sheet as
at 31/12/2004 - Months 12 - Currency Eur - Amounts x 1 |
|
Years |
|
|
2005 |
2004 |
|
|
BALANCE SHEET
ACCOUNTS |
|
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|
. |
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|
ASSETS |
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|
|
|
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CREDITS TO SHAREHOLDERS |
|
|
|
|
|
FIXED ASSETS ( NET ) |
|
|
218.528 |
238.085 |
|
. Intangible assets |
|
|
2.021 |
3.497 |
|
. Tangible fixed assets |
|
|
216.507 |
234.588 |
|
. . Land and buildings |
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|
|
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. . Plants, Equipm.and Machinery |
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|
|
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. Long-term Investments |
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|
|
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. . Financial loans |
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|
|
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. . Own shares |
|
|
|
|
|
CURRENT ASSETS |
|
|
1.287.497 |
1.235.095 |
|
. Stock |
|
|
268.516 |
166.257 |
|
. Credits |
|
|
694.647 |
747.944 |
|
. . Credits to clients |
|
|
694.647 |
747.944 |
|
. . Other credits |
|
|
|
|
|
. Short-term financial assets |
|
|
|
|
|
. Liquid assets |
|
|
324.334 |
320.894 |
|
ACCRUED INCOME-DEFERR. ASSETS |
|
|
2.454 |
3.479 |
|
TOTAL ASSETS |
|
|
1.508.479 |
1.476.659 |
|
. |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
NET WORTH |
|
|
926.812 |
916.723 |
|
. Company's capital |
|
|
10.330 |
10.330 |
|
. Reserves |
|
|
906.394 |
901.738 |
|
. Reserves company's own shares |
|
|
|
|
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. Retained profits (losses) |
|
|
|
|
|
. Profit (loss) |
|
|
10.088 |
4.655 |
|
PROVISION CHARGES ACCOUNTS |
|
|
|
7.284 |
|
STAFF TERM INDEMNITY |
|
|
36.932 |
31.263 |
|
DEBTS |
|
|
541.905 |
517.730 |
|
. Financial M/L terms |
|
|
|
|
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. . Financial M/L term banks |
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|
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|
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. . Financial M/L bonds |
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|
|
|
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. . Other financial M/L debts |
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|
|
|
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. Financial short-term debts |
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|
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|
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. . Financial short-term banks |
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|
|
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. . Financial short-term bonds |
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|
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. . Other financial short-term debts |
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|
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. M/L term debts to suppliers |
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|
|
|
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. Short-term debts to suppliers |
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|
|
|
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. Sundry M/L debts |
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|
|
|
|
. Sundry short-term debts |
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|
|
|
|
ACCRUED COSTS DEFERR. LIABILITIES |
|
|
2.830 |
3.659 |
|
TOTAL LIABILITIES |
|
|
1.508.479 |
1.476.659 |
|
. |
|
|
|
|
|
|
PROFIT AND LOSS
ACCOUNTS |
|
|
|
|
OUTPUT VALUE |
|
|
1.203.619 |
1.426.610 |
|
. Revenues from sales/services |
|
|
1.156.431 |
1.398.542 |
|
. Change of stock (products) |
|
|
8.853 |
21.155 |
|
OPERATING EXPENSES |
|
|
1.167.377 |
1.423.809 |
|
. Purchasing expenses |
|
|
708.968 |
693.128 |
|
. Change of stock (raw material) |
|
|
-93.406 |
-16.148 |
|
. Expenses from services |
|
|
397.718 |
543.246 |
|
. Expenses from leasing |
|
|
117 |
305 |
|
. General expenses/sundry charges |
|
|
25.779 |
28.177 |
|
. Staff expenses |
|
|
101.527 |
102.652 |
|
. Depreciation/Devaluation costs |
|
|
26.674 |
72.449 |
|
FINANCIAL REVENUES (CHARGES) |
|
|
-9.156 |
-12.570 |
|
. Financial charges |
|
|
-15.966 |
-21.495 |
|
. Financial revenues |
|
|
6.810 |
8.925 |
|
FINANCIAL ASSETS CORRECTION |
|
|
|
|
|
EXTRAORDINARY FINANCIAL REVENUES (CHARGES) |
|
|
-29 |
17.503 |
|
PROFIT (LOSS) FOR THE PERIOD |
|
|
27.057 |
7.734 |
|
TAX |
|
|
16.969 |
3.079 |
|
CORRECT./ALLOCAT. FISCAL RULE |
|
|
|
|
|
NET PROFIT (LOSS) |
|
|
10.088 |
4.655 |
|
RATIOS |
Item |
O.V. |
O.V. |
as at 31/12/2005 |
as at 31/12/2004 |
Sector Average |
|
Fixed assets ratio |
Units |
=> 1 |
|
4,41 |
3,98 |
2,09 |
|
Net Short-term indebtedness |
Units |
- 1 |
|
0,23 |
0,21 |
3,74 |
|
Current ratio |
Units |
=> 1 |
|
2,37 |
2,38 |
1,23 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
=> 1 |
|
1,88 |
2,06 |
0,86 |
|
Return on Sales |
% |
|
|
3,17 |
5,51 |
2,26 |
|
Average stock waiting period |
dd |
|
|
83,55 |
42,76 |
62,53 |
|
Credits to clients average term |
dd |
|
|
216,21 |
192,52 |
121,67 |
|
Debts to suppliers average term |
dd |
|
|
140,00 |
100,00 |
140,00 |
|
Net financial revenues/ charges incidence |
% |
|
|
- 0,79 |
- 0,89 |
- 1,30 |
|
Labour cost incidence |
% |
|
|
8,77 |
7,33 |
12,37 |
O.V. = Optimal Value. When not present refer to the sector's.
A coloured item indicates the opinion of the rate during the last
financial year
(green=good; orange=not optimal; red=insufficient;
CREDIT OPINION
DETERMINATION
The credit opinion determination is divided into two phases :
1) Risk analysis (Score).
2) Reliability score identification.
RELIABILITY SCORE
Considering also subject's structural and behavioural characteristics
its credit margin rate (from 0 to 100%) is equal to 85%, in respect of a sector
average of 33%.
CREDIT OPINION
On the basis of the above mentioned, and the sales volume obtained, we
deem that the maximum exposure for short and medium term transactions ( 90 -
120 days ) could be of:
59.400 .Eur.
MARKET / TERRITORY
DATA
|
Population living in the province |
: |
659.925 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
SECTOR DATA
The values are calculated on a base of 1.896 significant companies.
The companies cash their credits on an average of 121 dd.
The average duration of suppliers debts is about 140 dd.
The sector's profitability is on an average of 2,26%.
The labour cost affects the turnover in the measure of 12,37%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,28.
The employees costs represent the 12,52% of the production costs.
STATISTICAL
DETRIMENTAL DATA
Statistically the trade activity passes through serious crises.
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.557.
The insolvency index for the region is 0,46, while for the province it
is 0,55.
Total Bankrupt companies in the province : 2.526.
Total Bankrupt companies in the region : 14.698.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)